How Jack Ma Overcame His Greatest Failures To Become The Richest Man In China

Watch five short examples of effective storytelling from one of the most powerful men in the world, Jack Ma. Notice his choice of language, personal stories and use of humour to engage the audience. Though Ma is one of the first of his generation of Chinese billionaire businessmen to step down and is doing so at a young age, he is widely revered in China, known as Teacher Ma,” and his philanthropic arm, the Jack Ma Foundation, is focused on fostering education for members of rural China.

He told the outlet that he traveled to California in 1995 to help collect a debt that an American businessman owed to a Chinese firm. Jack Ma has for a long time been one of the most inspirational people to me. Alibaba has one of the strongest management teams in corporate China, and even if he steps down, he is likely to still have a role in setting top-level strategy, said Brock Silvers, managing director of Kaiyuan Capital.

Although as simple as it may sound, Jack Ma has had it hard in his life to get to where he is today. Nevertheless, he speaks fluent English which even made some founder people take him for a foreigner. Fifteen years ago, we wondered what ecommerce was, why small business could use ecommerce, and Internet to do business across the nation.

In fact, it was through befriending one of the tourists that Jack Ma got his English name ‘Jack'. Since launching its first website helping small Chinese exporters, manufacturers and entrepreneurs to sell internationally, Alibaba Group has grown into a global leader in online and mobile commerce.

On September 19th, 2014, Alibaba became a public company It's IPO was regarded as one of the biggest in history with a market value measured as $231 billion. Alibaba Group was established in 1999 by 18 people led by Jack Ma, a former English teacher from Hangzhou, China.

Alibaba co-founder Jack Ma, China's richest person and the most instrumental builder of one of the country's most successful businesses, is planning to step away from the company, and plans to unveil a succession plan next week, according to the South China Morning Post (via TechCrunch ).

Jack Ma's life is full of failures. Alibaba confirmed he'll remain a part of the company while the succession plan is carried out. China's state-backed media revealed Monday that the Alibaba Group founder and chairman is officially a member of the Communist Party.

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